Priority Technology Holdings, Inc. (NASDAQ:PRTH) CEO Thomas Charles Priore Sells 105,833 Shares

Priority Technology Holdings, Inc. (NASDAQ:PRTH) CEO Thomas Charles Priore sold 105,833 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $7.44, for a total value of $787,397.52. Following the completion of the transaction, the chief executive officer now owns 33,919,486 shares of the company’s stock, valued at approximately $252,360,975.84. This represents a 0.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Thomas Charles Priore also recently made the following trade(s):

• On Friday, January 17th, Thomas Charles Priore sold 294,167 shares of Priority Technology stock. The stock was sold at an average price of $7.44, for a total transaction of $2,188,602.48.

Priority Technology Price Performance

Shares of Priority Technology stock opened at $9.03 on Friday. Priority Technology Holdings, Inc. has a 1 year low of $2.82 and a 1 year high of $12.44. The firm has a market cap of $697.12 million, a PE ratio of -21.50 and a beta of 1.17. The company has a 50 day simple moving average of $9.76 and a two-hundred day simple moving average of $7.21.

Priority Technology (NASDAQ:PRTH) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.12. The company had revenue of $227.05 million during the quarter, compared to the consensus estimate of $221.15 million. Priority Technology had a net margin of 1.96% and a negative return on equity of 15.86%. During the same period in the previous year, the firm posted ($0.16) EPS. As a group, research analysts anticipate that Priority Technology Holdings, Inc. will post -0.09 earnings per share for the current year.

Hedge Funds Weigh In On Priority Technology

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in Priority Technology in the 3rd quarter worth approximately $91,000. SG Americas Securities LLC purchased a new position in shares of Priority Technology during the fourth quarter worth approximately $100,000. BNP Paribas Financial Markets lifted its holdings in shares of Priority Technology by 61.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,983 shares of the company’s stock worth $109,000 after acquiring an additional 6,096 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Priority Technology in the 3rd quarter worth approximately $112,000. Finally, Jane Street Group LLC boosted its stake in shares of Priority Technology by 6.1% in the 3rd quarter. Jane Street Group LLC now owns 22,347 shares of the company’s stock valued at $153,000 after purchasing an additional 1,293 shares in the last quarter. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PRTH. Keefe, Bruyette & Woods raised shares of Priority Technology from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $10.00 to $14.00 in a report on Thursday, January 16th. B. Riley upped their price target on shares of Priority Technology from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, Lake Street Capital lifted their price objective on Priority Technology from $8.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, November 22nd.

About Priority Technology

Priority Technology Holdings, Inc operates as a payment technology company in the United States. The company operates through three segments: Small and Medium-Sized Businesses (SMB) Payments, Business-To-Business (B2B) Payments, and Enterprise Payments. It offers SMB payments processing solutions for B2C transactions through independent sales organizations, financial institutions, independent software vendors, and other referral partners through its MX product suite, which includes MX Connect and MX Merchant products, such as MX Insights, MX Storefront, MX Retail, MX Invoice, MX B2B and ACH.com, and others, which provides flexible and customizable set of business applications that helps to manage critical business work functions and revenue performance to resellers and merchant clients using core payment processing.